Most Consumers Easily Recognize a Round, Bouncy Toy as a Ball

question 18

Multiple Choice

Most consumers easily recognize a round, bouncy toy as a ball. Which cognitive organization reaction has occurred?

• A) contrast
• B) accommodation
• C) selection
• D) assimilation

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Definitions:

Depletion

The allocation of the cost of a natural resource over its useful life as it is consumed or mined.

Ore Mined

The quantity of valuable mineral or material extracted from the earth.

Journal Entry

A record that details all the financial transactions of a company and their effect on accounts.

Salvage Value

Salvage value is the estimated residual value of an asset at the end of its useful life, assuming there is still value left after its primary use is over.